JPMorgan Chase & Co. Sells 16,460 Shares of Zillow Group, Inc. (NASDAQ:ZG)

JPMorgan Chase & Co. trimmed its position in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 49.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,798 shares of the technology company's stock after selling 16,460 shares during the period. JPMorgan Chase & Co.'s holdings in Zillow Group were worth $1,190,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ZG. Jones Financial Companies Lllp raised its position in shares of Zillow Group by 24.0% during the 4th quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company's stock valued at $58,000 after buying an additional 159 shares in the last quarter. Blue Trust Inc. raised its position in Zillow Group by 70.2% during the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock valued at $30,000 after purchasing an additional 172 shares in the last quarter. Baillie Gifford & Co. lifted its stake in Zillow Group by 0.6% during the fourth quarter. Baillie Gifford & Co. now owns 92,025 shares of the technology company's stock worth $6,520,000 after purchasing an additional 509 shares during the last quarter. Ieq Capital LLC boosted its holdings in shares of Zillow Group by 4.9% in the 4th quarter. Ieq Capital LLC now owns 12,123 shares of the technology company's stock worth $859,000 after purchasing an additional 566 shares in the last quarter. Finally, Asset Dedication LLC bought a new position in shares of Zillow Group during the 4th quarter valued at about $47,000. 20.32% of the stock is currently owned by hedge funds and other institutional investors.

Zillow Group Stock Up 1.7 %

Shares of NASDAQ ZG traded up $1.11 on Thursday, reaching $67.09. 44,068 shares of the company's stock traded hands, compared to its average volume of 568,338. The business's 50 day simple moving average is $67.33 and its two-hundred day simple moving average is $70.85. Zillow Group, Inc. has a 12 month low of $38.06 and a 12 month high of $86.58. The company has a market cap of $16.27 billion, a price-to-earnings ratio of -142.76, a price-to-earnings-growth ratio of 8.90 and a beta of 2.22.

Zillow Group (NASDAQ:ZG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. Analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

ZG has been the subject of several research reports. Bank of America upped their target price on Zillow Group from $81.00 to $84.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Benchmark increased their target price on shares of Zillow Group from $80.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, February 5th. DA Davidson reissued a "buy" rating and issued a $90.00 price target on shares of Zillow Group in a research note on Friday, April 11th. Wells Fargo & Company started coverage on Zillow Group in a research note on Monday. They set a "mixed" rating and a $62.00 price objective on the stock. Finally, KeyCorp lowered their target price on Zillow Group from $95.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $79.67.

Insider Activity at Zillow Group

In other news, CAO Jennifer Rock sold 5,796 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total transaction of $437,598.00. Following the sale, the chief accounting officer now directly owns 51,370 shares of the company's stock, valued at $3,878,435. This represents a 10.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Errol G. Samuelson sold 6,967 shares of the business's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $541,475.24. Following the completion of the sale, the insider now owns 127,467 shares in the company, valued at $9,906,735.24. This represents a 5.18 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,919 shares of company stock worth $5,744,978. 17.14% of the stock is owned by company insiders.

About Zillow Group

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.